Renters Under Pressure as Housing Costs Accelerate

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March 18, 2015

According to the NAR, the gap between rental costs and household income is widening “to unsustainable levels in many parts of the country.”

The association says that a way to relieve housing costs is to increase the supply of new-home construction, especially developments that cater to entry-level buyers.

NAR’s Chief Economist Lawrence Yun estimates housing starts need to rise to 1.5 million, the historical average.

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